- One of the several dApps on VeChain’s VeBetterDAO platform has secured a partnership deal with Molino Bruno, positioning it as the first to do so.
- VeBetterDAO adoption increases steadily as Japan leads with 3,496 unique users, followed by the US.
VeBetterDAO’s GreenCart has announced a strategic partnership with renowned Italian company Molino Bruno, becoming the first Decentralized Application (dApp) on the sustainability platform to secure such a high-profile collaboration.
Congrats, @greencart_vet on securing a partnership with Molino Bruno! By tokenizing & rewarding IRL sustainable actions, VeBetterDAO creates new opportunities for Web3-powered business ecosystems. Grab the https://t.co/jxKfLbLfNz wallet & visit: https://t.co/B5BObeZXLm$VET https://t.co/96txGBp5ss— VeChain (@vechainofficial) July 11, 2024
VeBetterDAO was unveiled in February this year as a new sustainability platform with two new tokens – B3TR and VOT3. As reported by CNF, the platform was built to ensure that a cross-industry sustainability dApp ecosystem is enabled to boost the adoption of Web3 tech across enterprises and individuals. To mark this groundbreaking initiative, a testnet of VeBetterDAO was launched with a series of airdrop campaigns.
VeBetterDAO is the evolution of our Web3 for Better whitepaper, launched last year in collaboration with Boston Consulting Group, and sees #VeChain begin a new phase in driving the mass adoption of blockchain technology. To kick off the Testnet launch of VeBetterDAO, we’re launching a series of airdrop campaigns to get $B3TR tokens in your hands, allow you to engage with the platform and join our new journey.
Later, a smooth transition to the mainnet was executed with several other activities highlighted by Crypto Key News. Currently, this initiative is experiencing a jaw-dropping adoption rate in Japan.
Adoption of VeBetterDAO by Countries
According to data, Japan leads the VeBetterDAO global adoption with 3,496 unique users engaging the platform over the past seven days. The United States ranks second, contributing 1,594 unique users followed by Vietnam which also has 1,069 unique users. Regardless of this, some crypto commentators have raised concerns about low engagement numbers as Germany and the Netherlands contribute between 651 and 544 unique users respectively.
Beyond the top five countries, South Korea, Italy, the United Kingdom, and Sweden have each contributed unique users of between 224 and 492. Countries including France, Taiwan, Spain, Turkey, and Canada have also contributed 100 to 200 unique users each. Per the data, Australia, Belgium, Indonesia, Poland, India, China, and Brazil contributed between 90 and 130 users each while Finland, Singapore, Thailand, Hong Kong, Malaysia, Austria, Ireland, Nigeria, Russia, the Philippines, Bulgaria, and Slovakia had fewer than 80 users engaging on the platform.
According to analysts, the native token of VeChain, VET, is set to react to this development with an upsurge as analyst EGRAG highlights a potential bullish trend.
Using the wave analysis, EGRAG observes that VET is almost at the point of corrective wave two, ready to enter wave three. The third phase is marked as the most explosive and strongest. According to the analyst, the price could reach between $1.5 and $1.8 in wave three. At press time, VET was trading at $0.025 after surging by 1.7%.
